CIS long steel export prices rise spurred by billet, demand

CIS rebar and wire rod export prices increased over the week ending Monday September 11, supported by renewed growth in billet prices and steady demand for long steel.

Billet prices started to rise again after the end of religious holidays in the Middle East-North Africa (Mena) region. Metal Bulletin’s weekly price assessment for CIS wire rod exports rose to $560-580 per tonne fob Black Sea, against the previous range of $550-560 per tonne fob. Early last week Russia’s Abinsk Electric Steel Works was offering the material at $555-565 per tonne fob Black Sea,depending on the destination. A cargo was sold to Europe at the upper end of...

Published

Vlada Novokreshchenova

September 12, 2017

12:30 GMT

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